Over the course of the 10-week summer program, graduate associates are exposed to various projects to enhance their skillsets and prepare them for future opportunities with the New York Fed. In addition to their daily responsibilities, interns will attend weekly presentations hosted by senior management on the New York Fed’s responsibilities and operations. This program is a direct feeder for the New York Fed’s full-time associate programs/roles.
Interested students may apply to be considered for one of these areas:
The Business Continuity Office manages the Bank's business continuity program and framework to ensure robust business continuity planning, awareness, and readiness across all business lines.
The Strategic Planning Office (SPO) is comprised of the Strategic Planning & Evaluation, Financial Planning & Analysis, as well as an internal consulting and central project management offices to support implementation of Bank-wide initiatives. The SPO has designed a planning, resourcing and evaluation process to enable clear articulation of the Bank’s strategic priorities; alignment, integration and rationalization of its resource allocation; and support for and evaluation of performance against strategic and resource plans.
The Markets Group at the Federal Reserve Bank of New York consists of multiple business areas that fulfill a range of responsibilities, from planning and executing open market operations, monitoring and analyzing financial market developments, to managing foreign customer accounts. Through its analytical and operational areas, the Markets Group:
- Manages the size and composition of the Federal Reserve System's balance sheet consistent with the directives and the authorization of the Federal Open Market Committee (FOMC)
- Monitors and analyzes financial market developments for key stakeholders and policymakers within the Federal Reserve System
- Monitors and analyzes developments related to financial stability
- Supports debt issuance and debt management on behalf of the U.S. Treasury
- Provides foreign exchange services to the U.S. Treasury
- Provides account services to foreign central banks, international agencies, and U.S. government agencies.
The Data Capabilities Office (DCO) is responsible for driving the Bank's strategy on data, elevating the capacity for connecting and synthesizing the increasing number and scale of disparate and complex informational sources, and creating insightful analysis and policy work. It provides internal consulting services on data analytics and data science.
The Supervision Group at the Federal Reserve Bank of New York supervises and regulates financial institutions in the Second District. The Group’s mission is to ensure a safe, sound, and accessible financial system. Staff in the Group assess the safety and soundness of domestic banking institutions, operations of foreign banking organizations, and systemically important banks and nonbanks including financial market utilities in the District.
Requirements include but are not limited to:
- Graduating in December 2021 or Spring 2022
- Demonstrated interest in banking, finance, economics and public policy
- Relevant academic coursework (specialized skills and/or work experience may be required for certain areas)
- Excellent analytical, financial, and quantitative skills
- Strong verbal and written communication skills
Applications for Summer 2021 internships are closed. Applications for Summer 2022 will open up during the Fall.
Our summer programs provide outstanding opportunities for students to gain valuable work experience in public service at a unique institution. Through project work assignments and professional development activities, students gain an extensive understanding of the New York Fed’s work. Interns have the opportunity to enhance their professional skills through critical financial analysis, formal presentations, research, and writing. The New York Fed’s internships are available for undergraduates (sophomores and juniors) and graduate students. Each of the summer programs begin in early June.